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1. kasey_+(OP)[view] [source] 2024-02-07 03:45:43
The issue here is that the geopolitical risks are hard to separate from the market risks.

If BC property is being fraudulently leveraged against Chinese real estate, opaque decisions by the ccp can dramatically impact default rate for Canadian loans.

No market actor would expect that in a non-fraud based market. Instead a transparent pricing of Chinese assets would show them as much less valuable on a risk adjusted basis than their book wealth value. Especially compared to western income or equivalent wealth.

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